Forex Trend Analysis Report
Prepared for you on Monday, August 15, 2022.
US Dollar/Iraqi Dinar (FOREX:USDIQD)
Sidelines Mode (+55) - USDIQD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid USDIQD?
MarketClub looks at technical strength and momentum to determine if the timing is right for USDIQD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for USDIQD
The long-term trend has been UP since Aug 7th, 2022 at 1463.4009
The intermediate-term trend has been UP since Aug 7th, 2022 at 1463.4009
The short-term trend has been DOWN since Aug 10th, 2022 at 1460.3125
Smart Scan Analysis for USDIQD
Based on our trend formula, USDIQD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).